ICT and Recoverable amount: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
(Expand definition.)
 
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Information and Communications Technology.
''Financial reporting - impairment''
 
The higher of fair value less costs of disposal and value in use.
 
 
Recoverable amount is a figure that recognises we have a choice about what to do with an asset.
 
We can either:
 
(1) Sell it; or
 
(2) Carrying on using it.
 
 
 
Rationally, we would always make the choice that results in the greater value for the business.
 
 
 




== See also ==
== See also ==
* [[Fintech]]
* [[Carrying value]]
* [[Information and communications technology]]
* [[Fair value]]
* [[Luddite]]
* [[IAS 36]]
* [[MIS]]
* [[Impairment]]
* [[Regtech]]
* [[Value in use]]
* [[Telematics]]


[[Category:Technology]]
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 15:36, 9 September 2020

Financial reporting - impairment

The higher of fair value less costs of disposal and value in use.


Recoverable amount is a figure that recognises we have a choice about what to do with an asset.

We can either:

(1) Sell it; or

(2) Carrying on using it.


Rationally, we would always make the choice that results in the greater value for the business.



See also